Jacob Lacy is an undergraduate student at a Big 12 school. He has an idea to start an Internet-based firm that will help high school students prepare for college entrance exams. Jacob just talked to a trusted family friend, who told him that college is a poor time and place to launch a firm. The family friend told Jacob, “Try to distance yourself from the college atmosphere before you start your firm.” Do you think Jacob is getting good advice?

Why or why not?